The London Stock Exchange (LSE) will be back in the spotlight today when a report by a British parliamentary committee raises doubts about its competitive position leading into the 21st century.
The report by parliament's treasury select committee criticises the way the LSE has reacted to competitive pressure from overseas exchanges, Mr Matthew Carrington, a member of the committee, said.
The Conservative MP said the report also questions whether the LSE has succeeded in sorting internal problems in deciding how to meet exchanges and whether competitive pressures might yet lead to a loss of institutional business.
Acknowledging that a great deal had changed at the LSE since the inquiry was launched in January, Mr Carrington said worries persisted about the slow progress it was making.
A spokeswoman for the LSE said the exchange declined comment until the report had been published. But in a strategy document published last month, the LSE said it aimed to cut costs and improve competitiveness while focusing on core activities in providing a market for British and international stocks.
